Property tax is a tax levied on land, real estate, automobiles, and boats. a. Display the AD-AS model to discuss the effect of a permanent decrease in property tax on inflation and output, both in the short run and in the long run. b. Use the MP curve or the IS curve to discuss the effect of a permanent decrease in property tax on the real interest rate, both in the short run and in the long run. c. Display the short-run and long-run Phillips curves that are consistent with your answer in Parts (a) and (b). Explain your reasoning